Bharat Book Bureau Provides the Trending Market Research Report on “Hydroponics Market Outlook 2030: Industry Insights & Opportunity Evaluation, 2019-2030” under Food & Beverage Market Research Reports Category. The report offers a collection of superior market research, market analysis, competitive intelligence and Market reports.
Hydroponics Market: Market Segments: By Type (Aggregate Hydroponic System and Liquid Hydroponic System); By Crop Type (Tomato, Lettuce & Leafy Vegetables, Pepper, Cucumber, Microgreens and Other); and Region – Global Analysis of Market Size, Share & Trends for 2014 – 2020 and Forecasts to 2030
Hydroponics is the process of growing plants using substantial nutrients in a mineral-rich water solution without using soil or soil-less gardening. Only sunlight, a sufficient amount of water, and selected nutrients are required for a plant to grow. This reduces the need for herbicides and pesticides.
Hydroponics Market is expected to project a notable CAGR of 11.29% in 2030.
Hydroponics Market to surpass USD 18.5 Billion by 2030 from USD 8.5 Billion in 2019 in terms of value growing at a CAGR of 11.29% throughout the forecast period, i.e., 2020-30. The higher yield compared to conventional agricultural techniques is one of the main growth factors for the hydroponic industry.
Hydroponics Market: Segments
Liquid systems segment to grow with the highest CAGR during 2020-30
Hydroponics Market is segmented by type as aggregate systems and liquid systems. With a share of over XX.X percent in 2019, the aggregate systems segment is expected to lead the market owing to its widespread popularity among all the indoor hydroponic farmers owing to its ease of setup and inexpensiveness.
Hydroponics Market: Market Dynamics
Higher Consumption of Salads and Vegetables
Due to the increased buying power of customers, the market for exotic fruits and vegetables has been consistently increasing at a higher pace. As most of these items are imported, the cost of these exotic products is high and as a result, many research institutions and universities are concentrating on the establishment of more simplified hydroponics systems to speed up the production of exotic fruits and vegetables and meet the growing demand.
High capital investment
Main cost factors for a hydroponic farm are various types of equipment, including HVAC systems, fans, ventilation, irrigation systems, control systems, rails, and lights. The enormous cost of the system's initial set-up is a major factor that prohibits farmers from investing in these systems.
Hydroponics Market: Key Players
• Heliospectra AB (Sweden).
Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence and SWOT Analysis.
• Scotts Miracle Gro (US)
• Village Farms (Canada)
• Argus Control Systems (Canada)
• Iron Ox (US)
• American Hydroponics (US)
• Terra Tech Corp (US)
• Hydroponic Farms (UAE)
• LumiGrow (US)
• Aerofarms (US)
• Signify Holdings (Netherlands)
• Triton Foodworks Ltd. ()
• Urban cultivator (Canada)
• Green Sense Holdings (US)
Hydroponics Market: Regions
Hydroponics Market is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, APAC and MENA.
Hydroponics Market in Asia Pacific led the market with a lion share of more than XX.X% in 2019 owing to the substantial adoption of hydroponics in China, Australia, South Korea, and other such countries. Due to developing urban hydroponic farms, the demand in China and is expected to increase significantly over the forecast period. Due to the numerous companies based in the region, and due to the increasing adoption of alternative farming techniques in urban areas, North America has a high potential for growth. The area is also expected to experience a significant CAGR over the forecast period due to the increasing expansion of genetically modified crop technology. However it is predicted that the lack of government incentives and the lack of necessary facilities for setting up large hydroponic farms would impede growth in developing countries in the Middle East, Africa and South America.
Hydroponics Market report also contains analysis on:
Hydroponics Market Segments:
• Aggregate Hydroponic System
• Liquid Hydroponic System
By Crop Type:
• Lettuce & Leafy Vegetables
• Hydroponics Market Dynamics
• Hydroponics Market Size
• Supply & Demand
• Current Trends/Issues/Challenges
• Competition & Companies Involved in the Market
• Value Chain of the Market
• Market Drivers and Restraints
FAQs on Hydroponics Market
· Which segment is anticipated to hold the largest market share?
· At what CAGR is the market anticipated to grow between 2020 and 2030?
· Who are the key players in the Hydroponics Market?
· What could be the challenging factors in the growth of Hydroponics Market?
· What are the growth drivers for the Hydroponics Market?
Browse our full report with Table of Content :
About Bharat Book Bureau:
Bharat Book is Your One-Stop-Shop with an exhaustive coverage of 4,80,000 reports and insights that includes latest Market Study, Market Trends & Analysis, Forecasts Customized Intelligence, Newsletters and Online Databases. Overall a comprehensive coverage of major industries with a further segmentation of 100+ subsectors.
Contact us at:
Bharat Book Bureau
Tel: +91 22 27810772 / 27810773
Email: [email protected]